The Liz Moore Market Watch Blog

68.7% of American Homeowners Have Either Paid Their Mortgage Off or are Sitting on 50% Equity

Posted by Lynnette Tully on Thu, Oct 12, 2023 @ 06:31 AM

sonyaDid you know that 68.7% of all American homeowners have either paid their mortgage off in full or are sitting on 50% equity?

That means that they are in a prime position to unlock their equity to downsize and prepare for retirement to pay off their debt (credit cards and student loan debt is at an all-time high), or to buy their dream home! 

Click here for a complimentary equity check-up!


Source: Keeping Current Matters, Sept 2023

Tags: Home Sale Statistics & Trends, lizlocal-NorthernNeck-realestate, lizlocal-richmond-realestate, lizlocal-williamsburg-realestate, lizlocal-peninsula-realestate, WYD3